15 BENEFITS OF A BUYER’S REPRESENTATIVE
A buyer’s agent is a real estate licensee that is hired by a prospective buyer to find acceptable property for purchase and to negotiate the best possible price and terms for the buyer. The agent represents the buyer’s best interest throughout the transaction. The fee for the buyer’s agent is often a percentage of the homes purchase price and the seller of the house almost always pays it. Without a buyer-agency contract the agent works for the SELLER. It is in any buyer’s best interest to sign a contract with a buyer’s agent to aid in their home purchase. The contract can be voided at any time, but it is necessary for buyers’s to have their own representation. The following are just some of the services that a buyer’s agent provides to their clients.
1. Locate suitable properties
2. Contact the selling agents and preview properties
3. Verify the properties’ condition
4. Suggest necessary inspections that should be conducted by experts
5. Help buyers determine what they can afford
6. Verify property taxes and utilities
7. Verify the value of the property compared to the neighborhood and market conditions
8. Advise clients on structuring an offer
9. Present the offer to the sellers’ representative
10. Negotiate favorable contract terms for the buyer
11. Explain legal documents needed for closing the deal and help to secure them
12. Assist in securing financing
13. Assist buyers and their attorney in clarifying title, zoning, building codes, and access
easements.
14. Refer them to qualified vendors
15. Analyze the future salability of the property